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Northern Europe

Knut Rost is stepping down as CEO of Diös

After 10 years as CEO of Diös, Knut Rost will leave his position. When Knut took his position in March 2014, the parties agreed on an employment agreement valid until the turn of the year 2024. Knut will continue to work as CEO in the company during 2024 or until a new CEO is recruited to enable a successful transition. Diös’...
Wednesday, 7. February 2024

M7 fully lets urban logistics unit near Copenhagen

M7 Real Estate has let c. 8,500 sq m of space at its multi-let warehouse asset, Litauen Allé 4, in Taastrup, an established distribution hub near Copenhagen, to Heka Dental A/S. The dental treatment center supplier has signed an 11-year lease to occupy the entire unit, which will serve as its headquarters in Scandinavia, as w...
Wednesday, 7. February 2024

Bengt Dahlgren moves to Textiltorget in Hammarby Sjöstad

Fabege has signed a lease agreement with the infrastructure consultancy Bengt Dahlgren Stockholm AB for approximately 2,250 square metres of office space in Hammarby Sjöstad. Occupancy is scheduled to commence on 31 January 2025 and the agreement has a duration of 6 years. The property Påsen 1, which has the concept name Text...
Monday, 5. February 2024

Europa sells newly refurbished Stockholm offices

Europa in partnership with NCAP sold Brädstapeln 13, a newly refurbished 13,316 sq m, seven storey office building in central Stockholm to a leading pensions company. This follows the signing of the most recent office letting at the building in December 2023 with Ekonomistyrningsverket (ESV), the Swedish National Financial Ma...
Friday, 2. February 2024

Skanska builds health and care center in Lindesnes

Skanska has signed a contract with Lindesnes municipality in the south of Norway to build a health and care center. The contract is worth NOK 822M, about SEK 820M, which will be included in the Nordic order bookings for the first quarter of 2024.
Friday, 2. February 2024

IHG Hotels & Resorts re-enters Swedish market

IHG Hotels & Resorts has entered into a franchise agreement with Mogotel and development partner Revelop, to mark IHG’s re-entry into Sweden with voco Stockholm Kista.
Wednesday, 31. January 2024

Slättö grows in Finland with second Helsinki CBD hotel

The acquisition is Slättö’s second in the hospitality sector in Finland. The new aparthotel will meet the needs of different groups of travelers, from short- to long-term stay, with high standards in design, quality and sustainability. For this project, Slättö has once again partnered with the tech-led operator Bob W.
Tuesday, 30. January 2024

Swiss Life AM buys Wilfast

Swiss Life Asset Managers has acquired its long-term business partner Wilfast Förvaltning. With this acquisition, the Swiss are significantly expanding their exposure in Scandinavia, as the Swedes manage real estate worth around €1.76 billion in Sweden, Denmark and Finland.
Friday, 26. January 2024

Veterinary hospital to open in Wihlborg's property in Helsingborg

In autumn 2024, Awake Djursjukhus will open in the former post sorting centre in Gåsebäck in southern Helsingborg. The high demand for qualified veterinary care is the reason for the expansion. The lease is for 2,000 square metres and extends for 15 years. The company expects 20–25 employees to work at the hospital to begin w...
Thursday, 25. January 2024

Construction work starts on Kokkola Sports Park

YIT, as part of an alliance, has signed a contract for the development stage of Kokkola Sports Park. The alliance main contractor is YIT, and the main design is by UKI Arkkitehdit Oy, architectural design by Arkkitehtitoimisto Jääskeläinen Oy, structural design by Ramboll Finland Oy and building system design by Granlund Oy. ...
Thursday, 25. January 2024

Cibus issues senior unsecured green notes of €50m

Cibus Nordic Real Estate AB has issued senior unsecured green notes in the total amount of €50 million under the Issuer's MTN programme. The New Senior Unsecured Green Notes have a tenor of 3 years and a floating interest rate of EURIBOR three months plus 400 bps and will mature on 1 February 2027. Cibus intends to apply for ...
Thursday, 25. January 2024

Balder wins JumpYard for Heron City

In the summer of 2024, JumpYard will open in Heron City at Kungens kurva and the park will be one of the chains biggest investments in the country. For the property owner Fastighets AB Balder, the establishment is an important part in the development of the shopping centre.
Thursday, 25. January 2024

Balder and Serneke sells building rights in Karlastaden to Framtiden

Fastighets AB Balder and Doxa’s portfolio company Serneke sells 151,000 square meters of building rights in Karlastaden to Gothenburg's public utility property group Förvaltnings AB Framtiden. The purchase price amounts to approximately SEK 1 billion, based on a property value of approximately SEK 1.3 billion.
Monday, 22. January 2024

Hines enters Sweden

Hines has acquired its first asset in Sweden, on behalf of its Hines European Property Partners (HEPP) core-plus fund.
Monday, 22. January 2024

Logicenters to invest near Helsinki Airport

Logicenters has acquired an 19,000 m² plot near Helsinki Airport. In connection with the deal, the developer has also signed an agreement with Puumerkki Oy, which will lease the new property starting from the summer of 2025.
Friday, 19. January 2024